The Middle East and North Africa in a Changing Oil Market
Pamphlet Series, September 5, 2003
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- The Middle East and North Africa in a Changing Oil Market
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Bibliographic details
- Authors: Bright E Okogu
- Published: September 5, 2003
- Series: Pamphlet Series
- DOI: https://doi.org/10.5089/9781589062344.054
Summary and central finding
- The world oil market has undergone a series of changes that have reduced the share of oil in the global energy balance and, with it, the influence of Middle Eastern oil exporters.
- In spite of oil’s loss of ground, Middle Eastern countries remain at the center of world oil developments.
- The paper focuses on developments in the international oil market, the role of Middle Eastern countries therein, and the policy challenges arising from the dependency on oil.
Author and publication metadata
- Author: Bright E Okogu
- Publication date: September 5, 2003
- Series: Pamphlet Series, No.
- Pages: 26
- DOI: https://doi.org/10.5089/9781589062344.054
- ISBN: 9781589062344
- ISSN: 0538-8759
- Stock No: MECOEA
Key subjects and keywords
- Subject: Commodities; Economic sectors; Natural gas sector; Oil; Oil prices; Oil sector; Oil, gas and mining taxes; Prices; Taxes
- Keywords: demand; gas and mining taxes; Global; market share; MENA OPEC country; Middle East; MISC PUBS; Misc.; Natural gas sector; Oil; Oil prices; Oil sector; Opec; OPEC grip; OPEC oil quota obligation; OPEC output; OPEC price-setting practice; OPEC pricing approach; OPEC reserve; price; price collapse; price effect; quota policy; reference price; supply share; term contract
Core policy focus and challenges highlighted
- Examination of how shifts in the global energy balance affect the influence of Middle Eastern oil exporters.
- Analysis of the policy challenges that arise from dependency on oil for Middle Eastern countries.
- Attention to OPEC-related dynamics: output, quota obligations, price-setting practices, and reserve considerations.
International Monetary Fund — The Middle East and North Africa in a Changing Oil Market (Pamphlet Series).